1st Source (NASDAQ:SRCE - Get Free Report) is expected to announce its Q2 2025 earnings results after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $104.67 million for the quarter.
1st Source (NASDAQ:SRCE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.16. The business had revenue of $104.04 million during the quarter, compared to the consensus estimate of $100.97 million. 1st Source had a return on equity of 12.26% and a net margin of 24.17%. On average, analysts expect 1st Source to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
1st Source Price Performance
Shares of NASDAQ:SRCE opened at $63.36 on Thursday. The company has a market cap of $1.56 billion, a P/E ratio of 11.14 and a beta of 0.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. 1st Source has a 52 week low of $52.14 and a 52 week high of $68.13. The business has a fifty day simple moving average of $61.90 and a 200-day simple moving average of $60.74.
1st Source Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.38 dividend. This is a positive change from 1st Source's previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Monday, May 5th. 1st Source's payout ratio is currently 26.71%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on SRCE shares. Piper Sandler raised their target price on 1st Source from $72.50 to $75.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of 1st Source in a report on Saturday, July 12th.
View Our Latest Stock Report on SRCE
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in shares of 1st Source by 18.9% in the first quarter. Millennium Management LLC now owns 242,466 shares of the financial services provider's stock worth $14,502,000 after purchasing an additional 38,610 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 1st Source by 29.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 33,052 shares of the financial services provider's stock worth $1,977,000 after purchasing an additional 7,456 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 1st Source by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,911 shares of the financial services provider's stock worth $653,000 after purchasing an additional 467 shares in the last quarter. 74.45% of the stock is currently owned by institutional investors.
1st Source Company Profile
(
Get Free Report)
1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.
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